SHKK(SH:900943)2021-04-28 16:00Financial Performance - Operating revenue for the current period was CNY 191,512,157.42, down 8.81% year-on-year [6]. - Net profit attributable to shareholders was CNY 1,388,901.35, a decrease of 39.69% compared to the same period last year [6]. - Basic earnings per share decreased by 40.00% to CNY 0.006 from CNY 0.01 [6]. - The company's operating profit for Q1 2021 was ¥3.43 million, down 46.4% from ¥6.41 million in Q1 2020 [24]. - The company reported a total profit of ¥3.38 million in Q1 2021, a decrease of 46.8% from ¥6.35 million in Q1 2020 [24]. - Other comprehensive income after tax for Q1 2021 was ¥459,186.60, down 28% from ¥636,711.63 in Q1 2020 [24]. - Investment income for Q1 2021 was -¥843,103.28, compared to a gain of ¥839,283.53 in Q1 2020 [24]. - The company reported a credit impairment loss of -¥1,905,339.46 in Q1 2021, an improvement from -¥4,709,880.93 in Q1 2020 [24]. Cash Flow - The net cash flow from operating activities was negative CNY 24,993,754.92, worsening from negative CNY 17,737,668.61 in the previous year [6]. - The net cash flow from operating activities for Q1 2021 was approximately -¥25 million, worsening from -¥17.7 million in Q1 2020 [30]. - The total cash outflow from operating activities in Q1 2021 was approximately ¥222 million, compared to ¥219 million in Q1 2020, indicating a slight increase [30]. - The company reported a net cash flow from investment activities of approximately ¥432,000 in Q1 2021, a significant decrease from ¥37 million in Q1 2020 [30]. - The cash inflow from financing activities in Q1 2021 was approximately ¥12 million, while the cash outflow was about ¥2.8 million, resulting in a net cash flow of approximately ¥9.2 million [30]. - The net cash flow from financing activities was positive at ¥9,191,657.10, reflecting increased cash from minority shareholder investments [14]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,031,765,535.38, a decrease of 1.12% compared to the end of the previous year [6]. - The total prepayments increased by 251.06% to ¥3,063,621.06 compared to the end of last year [11]. - Inventory decreased by 29.46% to ¥68,453,820.17 due to sales and reduced stock levels [12]. - Other current assets dropped by 82.65% to ¥544,778.84 as a result of reclassification under new leasing standards [11]. - Current liabilities decreased from ¥305,042,080.53 to ¥266,141,130.80, a reduction of approximately 12.8% [18]. - Total liabilities decreased from ¥522,666,443.41 to ¥499,408,253.19, a reduction of about 4.4% [18]. - Total equity increased from ¥520,802,621.81 to ¥532,357,282.19, an increase of about 2.9% [18]. - Cash and cash equivalents decreased from ¥80,733,624.23 to ¥76,026,337.47, a decline of approximately 9.2% [20]. - Total current assets decreased slightly to CNY 567,332,519.85 from CNY 565,667,457.92, a reduction of CNY 1,665,061.93 [33]. - Total liabilities increased to CNY 552,227,765.06, up by CNY 29,561,321.65 from CNY 522,666,443.41 [34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,350 [10]. - The largest shareholder, Shanghai Kaikai (Group) Co., Ltd., held 26.51% of the shares [10]. - The minority equity increased by 225.47% to ¥14,627,906.45 due to new investments from minority shareholders [11]. - The company’s minority interests decreased from CNY 4.49 billion to CNY 4.45 billion, a decrease of CNY 42.57 million [40]. Management and Expenses - Management expenses increased by 56.35% to ¥28,916,787.73, attributed to reform costs and rising labor costs [14]. - The company experienced a significant increase in management expenses, which rose to ¥28.92 million in Q1 2021 from ¥18.49 million in Q1 2020, an increase of 56.5% [24].